000063428 001__ 63428
000063428 005__ 20190709135526.0
000063428 0247_ $$2doi$$a10.1108/MD-12-2015-0557
000063428 0248_ $$2sideral$$a97829
000063428 037__ $$aART-2017-97829
000063428 041__ $$aeng
000063428 100__ $$0(orcid)0000-0001-6661-1128$$aBachiller, P.$$uUniversidad de Zaragoza
000063428 245__ $$aA meta-analysis of the impact of privatization on firm performance
000063428 260__ $$c2017
000063428 5060_ $$aAccess copy available to the general public$$fUnrestricted
000063428 5203_ $$aPurpose: Despite the vast literature on privatization, the relationship between change of ownership and performance is not clear. The purpose of this paper is to understand why divergences are found between the empirical results of papers analyzed. Design/methodology/approach: The author applies a meta-analysis to a sample of 60 empirical studies that analyze the performance of privatized companies. The author checks whether different results on performance can be explained by the method of privatization and the level of development of the country of privatized companies. Findings: The findings indicate that companies privatized by public offerings obtain a better performance than companies privatized using other methods, such as private sale or voucher privatization, and do not support the common-place assumption that privatization in developing countries does not improve financial performance. Originality/value: The study contributes to the literature on privatization because it adds new empirical evidence about the privatization programs and it first applies a meta-analysis to a sample about privatization on state-owned companies. The author discusses theoretical and managerial implications and offers suggestions for future research on privatization.
000063428 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S05$$9info:eu-repo/grantAgreement/ES/MICINN/ECO2015-66240-P$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2014-SOC-05
000063428 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000063428 590__ $$a1.525$$b2017
000063428 591__ $$aMANAGEMENT$$b131 / 209 = 0.627$$c2017$$dQ3$$eT2
000063428 591__ $$aBUSINESS$$b93 / 140 = 0.664$$c2017$$dQ3$$eT3
000063428 592__ $$a0.541$$b2017
000063428 593__ $$aBusiness, Management and Accounting (miscellaneous)$$c2017$$dQ1
000063428 593__ $$aManagement Science and Operations Research$$c2017$$dQ2
000063428 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000063428 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000063428 773__ $$g55, 1 (2017), 178-202$$pMANAGEMENT DECISION$$tMANAGEMENT DECISION$$x0025-1747
000063428 8564_ $$s167993$$uhttps://zaguan.unizar.es/record/63428/files/texto_completo.pdf$$yPostprint
000063428 8564_ $$s57685$$uhttps://zaguan.unizar.es/record/63428/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000063428 909CO $$ooai:zaguan.unizar.es:63428$$particulos$$pdriver
000063428 951__ $$a2019-07-09-11:59:54
000063428 980__ $$aARTICLE